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$2,650,000
Est. payment /mo
6 Beds
4 Baths
4,593 SqFt
UPDATED:
12/18/2024 07:20 AM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,593 sqft
Price per Sqft $576
MLS Listing ID ML81987719
Bedrooms 6
Full Baths 4
Year Built 1959
Lot Size 9,047 Sqft
Property Description
645 Grand Fir Avenue is an exceptional multifamily investment opportunity located in the vibrant city of Sunnyvale, CA, at the heart of Silicon Valley. This six-unit community, built in 1959, features a total of 4,593 square feet of living space and is situated on a generous 9,047 square foot lot. The unit mix includes one spacious three-bedroom owners unit with multiple entrances, three two-bedroom units, and two one-bedroom units, providing a diverse offering for potential tenants. Currently, the property averages rents just over $2,500 per unit per month, with rents approximately 6% below market rate. Listed at a competitive price per unit of $441,666, the property presents a significant value proposition, especially when compared to the median home price in Sunnyvale, which has soared to $1,900,000 over the past year. This substantial price difference between multi-family properties and single-family homes provides investors with promising appreciation potential as the region continues to develop.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R4
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Carport , Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 211-02-010
Security Features None
Special Listing Condition Not Applicable
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Listed by Jimmy Castellanos • Marcus & Millichap
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Sharad Gupta
Broker | License ID: 02213637
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